Bill Title: Amends the General Obligation Bond Act. Authorizes an additional $1,000,000,000 of State Pension Obligation Acceleration Bonds. Makes a conforming change. Amends the State Employees, State Universities, and Downstate Teachers Articles of the Illinois Pension Code. Extends the option for a participant to receive an accelerated pension benefit payment in lieu of any pension benefit or for a reduction in the increases to his or her annual retirement annuity and survivor's annuity to June 30, 2026 (instead of June 30, 2024). Effective immediately.
Sponsorship: Bipartisan Bill
Status: (Passed) 2022-05-05 - Public Act . . . . . . . . . 102-0718
[HB4292 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Chaptered | 2022-05-06 | HTML/Text | Link | View |
| Enrolled | 2022-03-30 | HTML/Text | Link | View |
| Engrossed | 2022-02-23 | HTML/Text | Link | View |
| Introduced | 2021-12-20 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
|---|
| No bill amendments currently on file for Illinois HB4292 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|
| No supplemental documents for Illinois HB4292 currently on file. |
